New hotel, Saxony, Germany

Description

The hotel/motel consists of 20 rooms.

The chain consists of 4 hotels.

The unit is fully automated and has no staff (in case of self-operation, the expenses will be only for cleaning).

It's possible to purchase the adjacent supermarket together with the hotel (there is a tenancy contract for 12 years). Price — 1,700,000 euro.

The deadline for the completion is 17 months after the deal notarization.

On request, the property can be sold with a long-term tenancy agreement.

The yield is 4–4.5%.

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 3.5%.

Brokerage fee is 4% + VAT 19% (total 4.76%).

The property is located in the federal state of Saxony, in a city with a population of 20,000 inhabitants.

Saxony is a federal land in the FRG, located in the east of the country. The capital city is Dresden. The population of the region is more than 4 million people.

The most important branch of industry is automobile with a share of 27% of all sales. It is followed by the metallurgical sector with a share of 13%, machine construction with a share of 12%, as well as electrical engineering/ microelectronics with a share of 11.6% of Saxony's industrial turnover.

Saxony is known in the world for its higher education institutions with long traditions and high status: Leipzig University, Dresden Technical University, Freiberg Mining Academy.

Saxony attracts numerous tourists with the presence of many world-class culture monuments, delightful natural landscapes, and a well-developed tourist infrastructure.